Loftin Way, Chelmsford

GUIDE PRICE £350,000- £400,000

 

Description

The property comprises a 6-bedroom semi-detached house, which is currently used and licensed as a 5 Bedroom House of Multiple Occupation. We understand that the estimated current annual income is circa £32,460.

The current room rents are as follows:

Room 1 = £600pcm

Room 2 = £600 pcm

Room 3 = £475 pcm

Room 4 = £480 pcm

Room 6 = £550 pcm 

We believe that there may be an opportunity for a reversionary increase in the rent.

The ground floor consists of two letting rooms, a kitchen and dinner and a shower room. The first floor consists of four letting rooms and a shower room.

Externally, the property has a large driveway suitable for multiple vehicles. to the rear of the property is a garden and detached garage. 

 

Location

The property is located on Loftin way in the popular Old Moulsham area, which is located approximately 2 miles from the city centre.

An Anti-Money Laundering (AML) check is required for both buyers and sellers and is carried out through our legal partner at a fee of £76 per property, payable at the point of instruction. This service also includes access to a legal advice helpline, where qualified solicitors are available to support you with any queries throughout your moving process.  

EPC rating: C. Council tax band: D, Domestic rates: £2300.18, Tenure: Freehold,